Bitcoin Accumulation Appears to Have Stalled Under the Strategy Last Week

Strategy (MSTR), the largest publicly traded holder of bitcoin BTC$91,349.64, appears to have halted its steady accumulation of BTC last week.

Executive Chairman Michael Saylor, who typically signals new purchases with a Sunday post on X followed by a formal update early Monday, shared no such announcements this time — marking the end of a six-week buying streak that began on Oct. 6.

The company’s dashboard shows Strategy still holds 649,870 BTC at an average cost of $74,433 per coin.

The pause comes as MSTR trades about 70% below its record high, with its multiple to net asset value (mNAV) barely above 1 — the lowest reading of the cycle. The firm is also navigating rising speculation about a potential removal from major equity indexes, an issue that prompted public pushback from Saylor last week.

Despite the uncertainty, MSTR shares were up 1.5% early Monday, supported by a weekend uptick in bitcoin, which climbed to around $86,200.